HENRICO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HENRICO
Largest movements
- Cash +€18,776
up €18,776 (+1642.7%), from €1,143 to €19,919
mainly Net result for the year (+€40,937) and Receivables within one year (+€10,836)
- Receivables within one year -€10,836
down €10,836 (-30.7%), from €35,300 to €24,464
of which Other amounts receivable: -€12,106
- Tangible fixed assets -€3,380
down €3,380 (-19.3%), from €17,521 to €14,142
of which Plant, machinery and equipment: -€4,118
- Stocks and contracts +€2,342
up €2,342 (+14.5%), from €16,110 to €18,452
- Deferred charges and accrued income -€917
down €917 (-98.3%), from €933 to €16
- Profit (loss) carried forward +€40,937
up €40,937 (+24.2%), from -€169,041 to -€128,105
- Trade debts -€18,393
down €18,393 (-45.3%), from €40,585 to €22,192
- Tax, wage and social debts -€13,197
down €13,197 (-40.4%), from €32,625 to €19,428
of which Taxes: -€8,839
- Short-term financial debts -€3,362
down €3,362 (-32.4%), from €10,393 to €7,030
- Gross operating margin +€35,612
up €35,612 (+40.6%), from €87,685 to €123,297
- Other operating charges -€2,238
down €2,238 (-34.4%), from €6,498 to €4,260
- Staff costs -€1,850
down €1,850 (-2.7%), from €69,394 to €67,544
- Financial charges +€1,818
up €1,818 (+49.5%), from €3,669 to €5,487
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,957 | €81,942 | +€5,985 | +7.9% |
| Fixed assets | 21/28 | €22,471 | €19,092 | -€3,380 | -15.0% |
| Tangible fixed assets | 22/27 | €17,521 | €14,142 | -€3,380 | -19.3% |
| Plant, machinery and equipment | 23 | €14,824 | €10,706 | -€4,118 | -27.8% |
| Furniture and vehicles | 24 | €2,697 | €3,435 | +€738 | +27.4% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €53,485 | €62,850 | +€9,365 | +17.5% |
| Stocks and contracts in progress | 3 | €16,110 | €18,452 | +€2,342 | +14.5% |
| Stocks | 30/36 | €16,110 | €18,452 | +€2,342 | +14.5% |
| Amounts receivable within one year | 40/41 | €35,300 | €24,464 | -€10,836 | -30.7% |
| Trade receivables | 40 | €11,089 | €12,359 | +€1,271 | +11.5% |
| Other amounts receivable | 41 | €24,211 | €12,105 | -€12,106 | -50.0% |
| Cash at bank and in hand | 54/58 | €1,143 | €19,919 | +€18,776 | +1642.7% |
| Deferred charges and accrued income | 490/1 | €933 | €16 | -€917 | -98.3% |
| Total equity and liabilities | 10/49 | €75,957 | €81,942 | +€5,985 | +7.9% |
| Equity | 10/15 | -€7,646 | €33,290 | +€40,937 | |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €12,659 | €12,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,179 | €5,179 | = | 0.0% |
| Legal reserve | 130 | €5,179 | €5,179 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,480 | €7,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,041 | -€128,105 | +€40,937 | +24.2% |
| Amounts payable | 17/49 | €83,603 | €48,651 | -€34,952 | -41.8% |
| Amounts payable within one year | 42/48 | €83,603 | €48,651 | -€34,952 | -41.8% |
| Financial debts | 43 | €10,393 | €7,030 | -€3,362 | -32.4% |
| Credit institutions | 430/8 | €10,393 | €7,030 | -€3,362 | -32.4% |
| Trade debts | 44 | €40,585 | €22,192 | -€18,393 | -45.3% |
| Suppliers | 440/4 | €40,585 | €22,192 | -€18,393 | -45.3% |
| Taxes, remuneration and social security | 45 | €32,625 | €19,428 | -€13,197 | -40.4% |
| Taxes | 450/3 | €22,740 | €13,901 | -€8,839 | -38.9% |
| Remuneration and social security | 454/9 | €9,885 | €5,527 | -€4,357 | -44.1% |
| Remuneration, social security and pensions | 62 | €69,394 | €67,544 | -€1,850 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,982 | €5,084 | +€1,102 | +27.7% |
| Other operating charges | 640/8 | €6,498 | €4,260 | -€2,238 | -34.4% |
| Gross operating margin | 9900 | €87,685 | €123,297 | +€35,612 | +40.6% |
| Operating profit (loss) | 9901 | €7,811 | €46,409 | +€38,598 | +494.1% |
| Financial income | 75/76B | €1 | €14 | +€13 | +953.4% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +953.4% |
| Financial charges | 65/66B | €3,669 | €5,487 | +€1,818 | +49.5% |
| Recurring financial charges | 65 | €3,669 | €5,487 | +€1,818 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €4,144 | €40,937 | +€36,793 | +888.0% |
| Profit (loss) for the period | 9904 | €4,144 | €40,937 | +€36,793 | +888.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,144 | €40,937 | +€36,793 | +888.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.